New Delhi [India], Competition Commission of India (CCI) has banned BlackRock Funding, Inc. has approved the acquisition of Global Infrastructure Management, LLC, a significant development in the global investment landscape.
According to a CCI press release, this acquisition by BlackRock Funding Inc., a subsidiary of BlackRock Inc., marks a substantial expansion of BlackRock's infrastructure management capabilities and underscores the growing importance of infrastructure investments in the global portfolio.
The press release said the approved combination will involve BlackRock Funding, Inc. The acquisition includes the acquisition of 100 percent of the limited liability company's interests in Global Infrastructure Management, LLC (GIM), which positions BlackRock to increase its strategic influence in the global infrastructure sector.
BlackRock Inc. in the acquisition The newly formed subsidiary of BlackRock Funding, Inc. (BFI), which is purchasing GIM's entire interests.
BFI itself is a newly established entity without independent operational activities, which is acting as a vehicle for this strategic acquisition.BFI is a newly formed wholly owned subsidiary of BlackRock Inc. (BlackRock) with no independent activities. BlackRock is an American publicly traded company active in the provision of global investment management, risk management and advisory services to institutional and retail clients around the world. BlackRock manages assets on behalf of institutional and individual investors around the world.
GIM is a global independent infrastructure fund manager headquartered in New York City, United States. GIM and its affiliates manage certain investment funds operating under the trading name Global Infrastructure Partners ("GIP Funds").
According to a CCI press release, this acquisition by BlackRock Funding Inc., a subsidiary of BlackRock Inc., marks a substantial expansion of BlackRock's infrastructure management capabilities and underscores the growing importance of infrastructure investments in the global portfolio.
The press release said the approved combination will involve BlackRock Funding, Inc. The acquisition includes the acquisition of 100 percent of the limited liability company's interests in Global Infrastructure Management, LLC (GIM), which positions BlackRock to increase its strategic influence in the global infrastructure sector.
BlackRock Inc. in the acquisition The newly formed subsidiary of BlackRock Funding, Inc. (BFI), which is purchasing GIM's entire interests.
BFI itself is a newly established entity without independent operational activities, which is acting as a vehicle for this strategic acquisition.BFI is a newly formed wholly owned subsidiary of BlackRock Inc. (BlackRock) with no independent activities. BlackRock is an American publicly traded company active in the provision of global investment management, risk management and advisory services to institutional and retail clients around the world. BlackRock manages assets on behalf of institutional and individual investors around the world.
GIM is a global independent infrastructure fund manager headquartered in New York City, United States. GIM and its affiliates manage certain investment funds operating under the trading name Global Infrastructure Partners ("GIP Funds").
